They had a secret deal that the French and British would join in once this happened

This angered the Americans and they threatened to cut off oil

The crisis is resolved by UN member Lester B. Pearson

Israel's economy flourished under the secure conditions

The influence in that region changed from British/French to Russian/American

The Suez Crisis occurred in 1956 with the Israelis making the first attack. Israel had the reassurance that France and Britain would come to their aid if this happened. The Americans were not pleased to hear this, and as a result they threatened to cut off their oil supply. This mess of a situation was ultimately solved by United Nations member Lester B. Pearson who forced Israel to pull out.